MKG Beauty & Business

www.mkgacademy.edu

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2020 Average Net Price

$14,709

After Financial Aid

2017 Default Rate

2.22%

on Student Loans

2020 Enrolled Students

50.8% Full-Time

About

MKG Beauty & Business is a higher education institution located in Providence County, RI. In 2020, the most popular 1 to 2 Year Postsecondary Certificate concentrations at MKG Beauty & Business were General Cosmetology (21 degrees awarded), Master Aesthetician (10 degrees), and Barbering (9 degrees).

In 2020, 92 degrees were awarded across all undergraduate and graduate programs at MKG Beauty & Business. 94.6% of these degrees were awarded to women, and 5.43% awarded men. The most common race/ethnicity group of degree recipients was white (61 degrees), 3.59 times more than then the next closest race/ethnicity group, hispanic or latino (17 degrees).

In 2017 the default rate for borrower's at MKG Beauty & Business was 2.22%, corresponding to 1 out of the 45 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $14,709.

In 2020, 43% of undergraduate students attending MKG Beauty & Business received financial aid through grants. Comparatively, 50% of undergraduate students received financial aid through loans.

Average Net Price

$14,709

2020 Value

10%

1 Year Growth

In 2020 MKG Beauty & Business had an average net price — the price paid after factoring in grants and loans — of $14,709. Between 2019 and 2020, the average net price of MKG Beauty & Business grew by 10%.

This chart compares the average net price of MKG Beauty & Business (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

43%

Undergraduates Receiving Financial Aid through Grants

50%

Undergraduates Receiving Financial Aid through Loans

43% of undergraduate students at MKG Beauty & Business received financial aid through grants or loans in 2020. This represents a decline of 8.51% with respect to 2019, when 47% of undergraduate students received financial aid.

This chart compares the average award discount at MKG Beauty & Business (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.22%

2017 Default Rate

Number of Defaults

In 2017 the default rate for borrower's at MKG Beauty & Business was 2.22%, which represents 1 out of the 45 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

MKG Beauty & Business had a total enrollment of 65 students in 2020. The full-time enrollment at MKG Beauty & Business is 33 students and the part-time enrollment is 32. This means that 50.8% of students enrolled at MKG Beauty & Business are enrolled full-time.

The enrolled student population at MKG Beauty & Business, both undergraduate and graduate, is 56.9% White, 18.5% Hispanic or Latino, 9.23% Two or More Races, 7.69% Black or African American, and 4.62% Asian.

Students enrolled at MKG Beauty & Business in full-time Undergraduate programs are most commonly White Female (45.5%), followed by Hispanic or Latino Female (21.2%) and Black or African American Female (15.2%).

Full-Time vs Part-Time Enrollment

50.8%

Full-Time Enrollment

The total enrollment at MKG Beauty & Business in 2020, both undergraduate and graduate, is 65 students. The full-time enrollment at MKG Beauty & Business is 33 and the part-time enrollment is 32.

This chart shows the full-time vs part-time enrollment status at MKG Beauty & Business (in red) compares to similar universities.

Retention Rate over Time

96%

2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at MKG Beauty & Business was 96%.

This chart shows the retention rate over time at MKG Beauty & Business (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2020)

White
37 enrolled students
Hispanic or Latino
12 enrolled students
Two or More Races
6 enrolled students

The enrolled student population at MKG Beauty & Business is 56.9% White, 18.5% Hispanic or Latino, 9.23% Two or More Races, 7.69% Black or African American, and 4.62% Asian. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2020, 82 more women than men received degrees from MKG Beauty & Business. The most common race/ethnicity group of degree recipients at MKG Beauty & Business is white (61 degrees awarded). There were 3.59 times more white recipients than the next closest race/ethnicity group, hispanic or latino (17 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at MKG Beauty & Business is General Cosmetology (21 degrees awarded), followed by Master Aesthetician (10 degrees) and Barbering (9 degrees).

In 2020, the most specialized majors across all degree types at MKG Beauty & Business, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (92 degrees awarded).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at MKG Beauty & Business are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at MKG Beauty & Business in 2020 are Personal & Culinary Services (92 degrees awarded) (as of 2020).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at MKG Beauty & Business are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at MKG Beauty & Business are Personal & Culinary Services (92 degrees awarded) (as of 2020).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at MKG Beauty & Business are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at MKG Beauty & Business are Personal & Culinary Services (92 degrees awarded) (as of 2020).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by MKG Beauty & Business.

Most Common (2020)

General Cosmetology
21 degrees awarded
Master Aesthetician
10 degrees awarded
Barbering
9 degrees awarded

In 2020, the most common 1 to 2 year postsecondary certificate concentration at MKG Beauty & Business was General Cosmetology with 21 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at MKG Beauty & Business according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 5 degrees were awarded to men at MKG Beauty & Business, which is 0.0575 times less than the number of degrees awarded to females (87).

This chart displays the sex disparity between the top 5 majors at MKG Beauty & Business by degrees awarded.

Most Common Male Majors

In 2020, 3 degrees were awarded to men at MKG Beauty & Business in General Cosmetology, which is 0.167 times less than the 18 female recipients with that same degree.

Most Common Female Majors

In 2020, 52 degrees were awarded to women at MKG Beauty & Business in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2020)

White
61 degrees awarded
Hispanic or Latino
17 degrees awarded
Asian
5 degrees awarded

The most common race/ethnicity at MKG Beauty & Business is white (61 degrees awarded). There were 3.59 times more white recipients than the next closest race/ethnicity group, hispanic or latino (17 degrees).

3.26% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2020)

White Female
59 degrees awarded
Hispanic or Latino Female
14 degrees awarded
Asian Female
5 degrees awarded

The most common race/ethnicity and sex grouping at MKG Beauty & Business is white female (59 degrees awarded). There were 4.21 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (14 degrees).

Operations

Salary Expenditure

$498k

2020 Salaries

2.95%

growth from 2019

In 2020, MKG Beauty & Business paid a median of $498k in salaries, a 2.95% growth from the previous year. This is compared to a 9.15% growth between 2018 and 2019, and a 11.4% growth between 2017 and 2018.

The median for similar is 668k (13.2% of overall expenditures).

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